AGORACOM Small Cap TV - July 30th - Highlights
posted on
Jul 30, 2012 10:00AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s July 30th, 2012, and we’ve found 3 great press release to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page ... or click on the image below.
Jaguar Mining Increases Measured and Indicated Mineral Resources at Gurupi by 30% to More Than 3 Million Ounces
Jaguar Mining Inc. (JAG: TSX/NYSE)
today announced that it has increased its estimated measured and indicated mineral resources at its Gurupi Project to 3.2 million ounces of gold based on analysis of recent drilling results. The resources, stated at a cutoff grade of 0.33 g/t Au, include 35.65 million tonnes of Measured Resources at 0.86 g/t Au and 75.02 million tonnes of Indicated Resources at 0.93 g/t.
Between the third quarter of 2011 and the second quarter of 2012, Jaguar conducted a comprehensive diamond drilling campaign at the Chega Tudo and Cipoeiro deposits within the Gurupi Project. A total of 24,497 meters were drilled in 107 holes for 19,655 samples recovered. The drill results confirmed the extension of the mineralization to a depth of over 350 meters below surface at Chega Tudo and over 300 meters depth at Cipoeiro. Previous drilling programs, which included a total of 75,233 meters drilled in 543 holes, had confirmed the mineralization only to depths of approximately 130 meters and 170 meters at Chega Tudo and Cipoeiro, respectively. Gold mineralization at both the Chega Tudo and Cipoeiro deposits remains open at depth.
About Jaguar Mining
Jaguar is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais and is developing the Gurupi Project in Northern Brazil in the state of Maranhão. The Company is actively exploring and developing additional mineral resources at its approximate 220,000-hectare land base in Brazil. Additional information is available on the Company's website at www.jaguarmining.com.
Last: 0.68Range: 8.36-0.61Market Cap: 57.3 million
Scorpio Gold Drilling Intersects 7.62 Metres Grading 2.67 g/t Gold on the Mary LC Zone, Mineral Ridge Project
Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN)
announces additional drill results from its 2012 drilling program on the Mary LC Zone, located adjacent to the Mary pit which is currently undergoing pre-stripping in advance of commencing full-scale open pit production at the 70% owned Mineral Ridge project, Nevada. Production from the Mary pit will add to and supplement current production from the Drinkwater pit.
Table 1. Mary LC Zone - Significant Drill Results
Hole |
From |
To |
Width |
From |
To |
Width |
Gold |
Gold |
MR12401 |
90 |
115 |
25 |
27.44 |
35.06 |
7.62 |
0.078 |
2.67 |
Scorpio Gold Corporation (TSX-V:SGN) holds a 70% interest in the Mineral Ridge heap leach gold mine in Esmeralda County, Nevada. The mine property features a very well-developed infrastructure and is host to multiple gold-bearing structures, veins and bodies at exploration, development and production levels. Scorpio Gold achieved commercial production status at Mineral Ridge on January 1, 2012.
Last: 0.78Range: 1.09-0.64Market Cap: 89.3 million
Gold Reach Expands West Seel Discovery With 400 Metres Grading 0.52% Copper Equivalent Including 114 Metres Grading 0.91% Copper Equivalent at the Seel Deposit, British Columbia
Gold Reach Resources Ltd. (TSX VENTURE:GRV) (the Company)
is pleased to announce that assay results for holes S12-103 and S12-104 at the company's 100% owned Ootsa Property located adjacent to the producing Huckleberry Mine south of Smithers, British Columbia, have been received.
HIGHLIGHTS
About Gold Reach Resources
Gold Reach Resources Ltd. has made an important new and strategic Copper Gold Molybdenum discovery on its 100% held Ootsa Property directly adjacent to the 16,000 tonne per day Huckleberry Mine currently producing Cu, Au and Mo in central BC.
Last: 1.38Range: 2.13-0.42Market Cap: 37.1 million